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4//SEC Filing

McCormick Patrick C 4

Accession 0001920918-23-000004

CIK 0000102212other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 9:54 AM ET

Size

13.0 KB

Accession

0001920918-23-000004

Insider Transaction Report

Form 4

Period: 2023-03-15

UNIVEST FINANCIAL CorpUVSP

McCormick Patrick C

SEVP & Chief Comm Bank Officer

Transactions

Exercise/Conversion
Common
2023-03-15+3,000→ 3,000 total
Tax Payment
Common
2023-03-15$24.88/sh−959$23,860→ 2,041 total
Exercise/Conversion
Restricted Stock Units
2023-03-15−3,000→ 6,000 total
From: 2023-03-15Exp: 2025-03-15→ Common (3,000 underlying)
Award
Restricted Stock Units
2023-03-15+1,467→ 1,467 total
From: 2024-03-15Exp: 2026-03-15→ Common (1,467 underlying)
Award
Performance Restricted Stock Units
2023-03-15+3,422→ 3,422 total
From: 2026-03-15Exp: 2026-03-15→ Common (3,422 underlying)

Footnotes (4)

[F1]REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS.
[F2]RESTRICTED STOCK UNITS VEST AT 33.33% PER YEAR FOR THREE YEARS COMMENCING WITH THE EXERCISABLE DATE INDICATED ASSUMING CONTINUED EMPLOYMENT THROUGH THE VESTING DATE.
[F3]EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.
[F4]THE PERFORMANCE-BASED RESTRICTED STOCK UNITS VEST ON THE THIRD ANNIVERSARY OF THE DATE OF THE GRANT AT WHICH POINT THE ACTUAL NUMBER OF SHARES TO BE AWARDED WILL BE DETERMINED BASED ON THE PERFORMANCE OF THE COMPANY DURING THE THREE YEAR PERIOD. THE RECIPIENT MAY RECEIVE UP TO 150% OF THE REPORTED RESTRICTED STOCK UNITS.

Documents

1 file

4
wf-form4_167906127524705.xmlPrimary
FORM 4

Issuer

UNIVEST FINANCIAL Corp

CIK 0000102212

Entity typeother

Related Parties

1

filerCIK 0001920918

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 9:54 AM ET
Size: 13.0 KB

View on SEC.gov